SHIPPING: UAL Launches From Cape Town
Recent Western Cape Business News
- Get the Most Out Of Existing Infrastructure with Five Key Habits
- Coca-Cola Beverages SA Adds 50 Entrepreneurs to Distribution Network
- Sectional Title Property Dominate the Atlantic Seaboard and City Bowl Market, Hot Demand for New Developments
- Investment in Residential Property in South Africa Continues to Shine
- Bank Confidence Improves Despite Weak Profits
Universal Africa Lines (UAL), the world’s premier specialist shipping service to the West African oil and gas industries, has opened a South African branch and launched a fortnightly shipping route from Cape Town to supply West African oil and gas exploration and production bases from SA.
The company has just taken time charter of the UAL Cape Town for three years, a 12500-ton (deadweight capacity) ship with dual deck cranes that can lift a combined 160 tons.
The ship had her maiden voyage in May 2009. General ports of call will be Durban, Cape Town, Walvis Bay, Lobito, Luanda (Sonils), Soyo, Pointe Noire, Port Gentil, Malabo, Onne (Port Harcourt) and Lagos, for loading and discharge, as well as other ports, upon client request.
Seaclad CO has been appointed UAL’s general agent in South Africa. The shipping line’s fortnightly service will take mainly specialist equipment and supplies to the oil-and-gas exploration and production industries along the West African coast. But as a conventional carrier it will also ship a variety of break-bulk and container cargo for oil and gas projects and commercial purposes.
Company CEO Roger Jungblut says South Africa is becoming an increasingly important source of supplies and services, to support bustling activity in the West African oil theatre, stretching from Cape Town to Nigeria. The region produces about 15% of the world’s crude oil, around 5 to 6 million barrels per day.
The same is true for South Africa’s supply into Africa in general – the African Union is increasingly in favour of contained African trade, with a wealth of in-country laws requiring a large proportion of procurement to originate on the continent.
“South Africa is preferred for the strength of its manufacturing and mining industries, and its servicing expertise,” says Haakon Røstad, UAL SA managing director. “Of late, SA engineering and technical know-how is in particularly high demand, as there is a big need for servicing of highly specialised equipment.”
Røstad says the South African manufacturing, mining, engineering, agricultural, building and construction industries are all in a good position to serve West Africa.
Business News Sector Tags:
Fax 2 Email
Study IT Online
Work from Home